EKI ENERGY SERVICES LIMITED
	Corporate Identity Number: U74200MP2011PLC025904

Our Company was incorporated as EKI Energy Services Limited, under the provisions of the Companies Act, 1956, vide certificate of incorporation dated May 03,2011 bearing CIN: U74200MP2011PLC025904 issued by the Assistant Registrar of Companies, Madhya Pradesh and Chhattisgarh. Our Company received its certificate of commencement of business on May 06, 2011 issued by Assistant Registrar of Companies, Madhya Pradesh and Chhattisgarh. For further details, please refer to chapter titled "History and Certain Corporate Matters" beginning on page 121 of the Prospectus dated March 31, 2021 (the "Prospectus").

INITIAL PUBLIC OFFERING OF 18,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH OF EKI ENERGY SERVICES LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 102 PER EQUITY SHARE ("ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 92 PER EQUITY SHARE) AGGREGATING TO RS. 1860.48 LAKHS ("THE ISSUE"). THE ISSUE INCLUDES A RESERVATION OF 96,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 AT A PRICE OF RS. 102 PER EQUITY SHARES AGGREGATING RS. 97.92 LAKHS FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 17,28,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH FOR CASH ATA PRICE OF RS. 102 PER EQUITY SHARE, AGGREGATING RS 1762.56 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTES 26.53% AND 25.14% RESPECTIVELY OFTHE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

(i) The Merchant Banker associated with the Issue has handled 14 public issue in the past three years out of which 3 Issues closed below the Issue Price on Listing date

(ii) Average cost of acquisition per Equity Share by our Promoter is 0.10 per Equity Shares.

(iii) The Price/Earnings ratio based on Diluted EPS for Fiscal 2020 for the company at the upper end of the Price Band is 11.51 as compared to the average Industry Peer Group PE ratio of 27.53

(iv) Weighted Average Return on Net worth for Fiscals 2020, 2019 and 2018 is 54.98%

The Issue was made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBIICDR Regulations") wherein not more than 50% of the Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"). Our Company in consultation with the book running lead manager ("BRLM") has allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the "Anchor Investor Portion"). Further, not less than 15% of the Issue was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue was made available for allocation to Rlls in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank account (including UPI ID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts were blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see Issue Procedure" on page 230 of the Prospectus.

The bidding for Anchor Investors opened and closed on March 23, 2021. The Company received 2 anchor investors applications for 5,17,200 Equity Shares. The Anchor Investor Allocation price was finalized at Rs. 102 per Equity Share. A total of 5,17,200 Equity Shares were allotted under the Anchor Investor portion aggregating to Rs. 5,27,54,400.

The Issue (excluding Anchor Investors Portion) received 1637 Applications for 48,64,800 Equity Shares (before technical rejections) resulting in 3.72 times subscription (including reserved portion of market maker). The details of the Applications received in the Issue from various categories are as under (before technical rejections):

Detail of the Applications Received (Excluding Anchor)

Final Demand

A summary of the final demand as per BSE as on the Bid/Offer Closing Date at different Bid prices is as under:

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange, being BSE Limited on April 01,2021.

1) Allotment to Retail Individual Investors (After Technical Rejections)

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 102 per Equity Share, was finalized in consultation with BSE. The category has been subscribed to the extent of 2.94 times. The total number of Equity Shares Allotted in this category is 6,04,800 Equity Shares to 504 successful applicants. The category-wise details of the Basis of Allotment are as under:

2) Allotment to Non-Institutional Investors (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 102 per Equity Share or above, was finalized in consultation with BSE. The category has been subscribed to the extent of 9.86 times. The total number of Equity Shares Allotted in this category is 2,60,400 Equity Shares to 60 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample basis):

3) Allotment to QIBs excluding Anchor Investors (After Technical Rejections)

Allotment to QIBs, who have bid at the Issue Price of Rs. 102 per Equity Share or above, has been done on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 1.00 times of QIB portion. The total number of Equity Shares allotted in the QIB category is 3,45,600 Equity Shares, which were allotted to 2 successful Applicants.

4) Allotment to Anchor Investors (After Technical Rejections)

The Company in consultation with the BRLM has Allocated 5,17,200 Equity Shares to 2 Anchor Investors at the Anchor Investor Offer Price of Rs.102 per Equity Shares accordance with the SEBIICDR Regulations. This represents 60% of the QIB Category.

The Board of Directors of our Company at its meeting held on April 02, 2021 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE Ltd and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public Issue Account on or before April 02, 2021 and payment to non-Syndicate brokers have been issued on April 05, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on or before April 06, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from BSE and the trading of the Equity Shares is expected to commence on April 07, 2021.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 31, 2021 filed with the Registrar of Companies, Gwalior ("RoC").

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at website: www.bigshareonline.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

BIGSHARE SERVICES PRIVATE LIMITED

Address: -1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400059

Tel No.: +91-022-62638200 Fax No.: +91-022-62638299 Website: www.bigshareonline.com Email: ipo@bigshareonline.com

Contact Person: Mr. Arvind Tandel SEBI Regn. No.: INR000001385

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF EKI ENERGY SERVICES LIMITED.

Disclaimer: EKI Energy Services Limited has filed the Prospectus with the RoC on March 31, 2021 and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the BRLM, Hem Securities Limited at www.hemsecurities.com. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors" beginning on page 24 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being offered and sold outside the United States in 'offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such offers and sales are made. There will be no public offering in the United States.